Phase Transfer Catalyst Market Analysis, Share, Key Market Players, Trends & Forecast, 2016–2026
The global phase transfer catalyst market is forecast to reach USD 1.59 Billion by 2026, according to a new report by Reports and Data. These catalysts are specialty chemicals that are used to accelerate the reaction rate between chemicals. It also helps in solubilizing salts in organic phases. The growing concern related to healthcare is the rising demand for medicines which are booming the market of this catalyst.
The market is influenced by the rising growth in the
pharmaceutical industry. The growing scope for backward and vertical
integration are boosting the market growth. These catalysts help in changing a
reactant from one phase to another and is heterogeneous in nature. The
increasing adoption of green chemistry for organic chemistry to accelerate
reaction to attain high yield are benefiting the market of phase transfer
catalyst. The use of green chemistry reduces waste and saves energy. The sudden
availability of alternative, cost-effective industrial chemicals are acting as
a market restraint.
The factors, as mentioned above, collectively create
opportunities for the market growth while factors such as unfavorable effects
of catalyst pose limitations in the market. However, each element would have a
definite impact on the market during the forecast period. Consistent
advancements in the heterogeneous catalyst market owing to innovative efforts
have enhanced the efficiency of chemical reaction.
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Key participants
SACHEM Inc., Nippon Chemical Industrial Co., Tatva Chintan Pharma Chem Pvt.
Ltd., Volant-Chem Corp, Tokyo Chemical Industry Co., Dishman Group, Pacific
Organics Private Limited, Central Drug House, PAT IMPEX, and Otto Chemie Pvt.
Ltd. among others.
Demographically the Asia Pacific region is the major
consumer of such heterogeneous catalysts since the cosmetic and healthcare
industry in this region is growing and the mentioned industry needs such
catalysts. The growing investments in R&D for the enhancement of new
pharmaceuticals are driving the demand for the catalyst products. Therefore the
Asia Pacific region is experiencing a significant growth rate during the
forecast period.
Further key findings from the report suggest
- Ammonium
Salts held the largest market share of 39.2% in the year 2018. This
segment is growing since ammonium salts are cost-efficient in comparison
with other heterogeneous phase transfer catalysts. These salts are used in
various sectors such as agrochemical, pharmaceutical, and chemical, among
several others.
- Active
Pharmaceuticals Ingredients are forecasted to grow with a CAGR of 5.5%
during the forecast period. The pharmaceutical industry uses this chemical
compound for laboratory applications and formulation of various drugs.
- Healthcare
Industry held the largest market share of 37.3% in the year 2018. India,
China, and Australia became the largest consumer of different catalyst
owing to the ever-growing healthcare industry. China became a leader in
world pharmaceutical production because of its low-cost labor compared
with other countries
- Asia
Pacific is forecasted to grow with the highest CAGR of 6.7% during the
forecast period. Countries like India, China, South Korea, and Japan are
rapidly catching up with the growth in the heterogeneous catalyst market.
There are limited rules related to the manufacturing and consumption of
such catalysts in the Asia Pacific region, which is propelling the market.
For the purpose of this report, Reports and Data have
segmented into the global phase transfer catalyst market on the basis of
applications, type, applications, and region:
End-Users Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2016-2026)
- Healthcare
- Cosmetic
- Chemical
- Agrochemicals
To identify the key trends in the industry, click on the
link below: https://www.reportsanddata.com/report-detail/phase-transfer-catalyst-market
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion;
2016-2026)
- Sulfur
Dyes Ammonium Salts
- Phosphonium
Salts
- Crown
Ethers
- Cryptands
Applications Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2016-2026)
- Packaging
and Board Active Pharmaceuticals Ingredients
- Drug
Formulation
- Pesticides
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having complete insights of market and by making in-depth analysis of
market segments.
- PEST analysis of the market in the five major regions.
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Regional Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2016-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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